Scotiabank Has Negative Outlook for TSE:FM FY2025 Earnings

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Investment analysts at Scotiabank reduced their FY2025 earnings estimates for First Quantum Minerals in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now expects that the company will earn ($0.69) per share for the year, down from their prior estimate of ($0.59). Scotiabank currently has a "Sector Perform" rating and a $21.50 price objective on the stock. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share.

First Quantum Minerals (TSE:FM - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.03 by C$0.01. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. During the same period in the previous year, the company earned ($0.37) EPS.

Other equities research analysts have also issued reports about the company. Jefferies Financial Group dropped their target price on First Quantum Minerals from C$23.00 to C$22.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their price objective on shares of First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. Barclays cut their price objective on shares of First Quantum Minerals from C$25.00 to C$23.40 in a research report on Thursday, January 30th. Stifel Canada upgraded shares of First Quantum Minerals to a "hold" rating in a research note on Wednesday, March 19th. Finally, TD Securities raised their price target on First Quantum Minerals from C$19.00 to C$20.00 and gave the company a "hold" rating in a report on Thursday, February 13th. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, First Quantum Minerals presently has an average rating of "Hold" and a consensus target price of C$21.57.

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First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock traded down C$0.40 on Monday, reaching C$20.95. 2,535,082 shares of the company were exchanged, compared to its average volume of 2,414,284. First Quantum Minerals has a 1-year low of C$13.81 and a 1-year high of C$23.28. The firm has a market cap of C$11.89 billion, a price-to-earnings ratio of -7.74, a P/E/G ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. The company's 50-day moving average is C$19.18 and its two-hundred day moving average is C$18.61.

Insider Transactions at First Quantum Minerals

In related news, Director Charles Kevin Mcarthur purchased 25,000 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of C$17.23 per share, with a total value of C$430,842.13. Also, Director Simon John Scott acquired 1,397 shares of First Quantum Minerals stock in a transaction that occurred on Tuesday, December 31st. The shares were purchased at an average cost of C$18.57 per share, with a total value of C$25,942.29. 19.35% of the stock is currently owned by insiders.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.